Africa Energy Corp. (CVE:AFE – Get Free Report) traded down 5.3% on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. 150,500 shares were traded during trading, an increase of 110% from the average session volume of 71,820 shares. The stock had previously closed at C$0.10.
Africa Energy Trading Down 5.3 %
The firm has a market capitalization of C$126.90 million, a P/E ratio of -0.75 and a beta of 1.34. The firm has a fifty day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.09. The company has a debt-to-equity ratio of 5.18, a current ratio of 11.38 and a quick ratio of 28.20.
About Africa Energy
Africa Energy Corp. operates as an oil and gas exploration and production company in South Africa and Namibia. The company focuses on potential gas condensate development on Block 11B/12B offshore in South Africa. It also holds interest in the Block 2B offshore the Republic of South Africa. The company was formerly known as Horn Petroleum Corporation and changed its name to Africa Energy Corp.
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